American Lithium Minerals, Inc. (OTC.BB: AMLM) has commenced field work at its Borate Hills Project in Nevada. The Borate Hills Project is a co-product lithium and boron deposit located 20 miles west of the only producing lithium mine in North America. Surface sampling conducted by the previous owner of the project returned relatively high average grades of 2750 ppm lithium (0.275%) and 10,000 ppm boron (1%). The initial work to be undertaken on the project by the Company will be to identify and sample previous exploration troughs.
"It is our intention to rapidly advance this project; we are excited to set in motion the process of proving what we believe is a world class lithium and boron asset," said Hugh Aird, AMLMCEO.
(above) Project Maps in Nevada
The Company recently announced that Japan Oil, Gas and Metals National Corporation (JOGMEC) have agreed to invest up to US $4,000,000 in the Borate Hills Project over a 3 year period.
The Borate Hills Project consists of the North and South Borate Hills Projects. The boron and lithium mineralization is contained in a strata-bound formation that is a combination of a claystone unit and a volcanic tuff with no clay. In the early 1980s, a prior owner of the property, US Borax, drilled the North Borate Hills Deposit and thereafter publicly stated the project was the second largest boron deposit in the United States after their current producing borate mine, Kramer Borate in California. Subsequently, US Borax discovered the South Borate Hills Deposit in 1986 and publicly stated that they had identified a larger deposit with higher lithium values and a strike length of 1.5 miles with thicknesses of up to 1300 feet. The Company does not have the data from the exploration conducted by US Borax so exploration work will have to be completed by the Company to corroborate those public statements. There has been insufficient additional exploration to date to define a mineral resource and there can be no certainty that further exploration by the Company will result in the delineation of a mineral resource.
Lithium ion (Li-ion) batteries have become the rechargeable battery of choice in cell phones, computers, hybrid-electric cars and electric cars, with the worldwide market for lithium batteries estimated at over $4 billion per year. Demand for lithium carbonate is expected to increase four-fold over the next decade as demand for of lithium-ion battery-powered hybrid-electric and electric cars rises. GM, Ford, Toyota, Dodge, Chrysler, Mitsubishi, Nissan, Tesla, Saturn and Mercedes-Benz have all announced plans to build Li-ion battery-powered cars and the demand for such vehicles is currently expected to increase five-fold by 2012.
Keep an eye on this company and visit their website at www.americanlithium.com
--------------------------------------------------------
Uranerz Energy Corporation - (AMEX: URZ) an exploration stage company, engages in the acquisition, exploitation, and development of uranium properties. The company principally focuses on the exploration of its properties in the Powder River Basin area of Wyoming encompassing approximately 119,312 acres, as well as owns interests in properties located in the Great Divide Basin area of Wyoming, Texas and in Saskatchewan, Canada.
URZ recently announced the shareholders of the Company approved all of the proposals put before them at the Annual General Meeting of shareholders held on June 9, 2010 in Casper, Wyoming, U.S.A. The items of business at the Meeting included the election of the directors, the approval of the Company's Shareholder Rights Plan; and to ratify the appointment of the Company's independent registered public accounting firm.
Shareholders approved the Shareholder Rights Plan which the Board of Directors plans to adopt, with immediate effect following such adoption. The purpose of the Shareholder Rights Plan is to ensure that shareholders of the Company are treated fairly in connection with any bid to acquire control of the Company. The Shareholder Rights Plan ensures that, in the context of a bid for control of the Company through an acquisition of shares of common stock of the Company, the Board has sufficient time to explore and develop alternatives for maximizing shareholder value, to provide adequate time for competing bids to emerge, to ensure that shareholders have an equal opportunity to participate in such a bid and to give shareholders adequate time to properly assess the bid and lessen the pressure to tender that is typically encountered by shareholders of companies that are subject to takeover bids. The Shareholder Rights Plan is available for viewing on the Company's website at the following link: http://www.uranerz.com/
------------------------------------------------------
Minefinders Corporation Ltd. - (AMEX: MFN) engages in the exploration, development, and mining of precious and base metal properties in Mexico and the United States. Minefinders is a precious metals mining and exploration company. The Company's flagship Dolores Mine in Mexico commenced production of gold and silver in November, 2008 and is expected to produce more than 1.7 million ounces of gold and 64.4 million ounces of silver from heap-leach operations over a 15.5 year mine life. There is potential to increase production from operations by increasing high-grade recoveries with the addition of a mill and by expanding the mine into areas of additional mineralization.
Skymark Research, a leading provider of small- and micro-cap independent investment research, recently initiated coverage on MFN.
First quarter 2010 summary, compared with first quarter 2009:
* Revenue of $26.4 million compared with none.
* Net loss of $0.3 million or $0.00 per share compared with a loss of $6.2 million or $0.10 per share.
* Positive operating cash flow before changes in working capital of $6.6 million compared with negative operating cash flow before changes in working capital of $4.5 million.
* Proceeds of $26.4 million from the sale of 19,684 ounces of gold and 260,668 ounces of silver at an operating cash cost of $609 per gold equivalent ounce sold compared with proceeds
of $16.1 million on the sale of 13,313 ounces of gold and 273,381 ounces of silver at an operating cash cost of $472 per gold equivalent ounce sold.
* Gold production of 18,778 ounces in the first quarter of 2010 compared with 14,169 ounces produced in the first quarter of 2009. Silver production of 245,086 ounces in the first
quarter of 2010 compared with 282,429 ounces produced in the first quarter of 2009.
Learn more at http://www.minefinders.com
*******************************************
Sign-Up For Free Hot Stock Alerts At http://stockhottips.com/
*******************************************
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!
Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.StockHotTips.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold StockHotTips.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more ) Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings, Inc. (CRWE.OB) has received fifteen thousand dollars from a third party (GALAXY, LLC) for (7) days of advertisement services for AMERICAN LITHIUM MIN (AMLM)
